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#808 Daily Money Show: Stock Market News
Original: # 808 Daily Money Show | Money Purse Stock Market News
Takeaway
Mandatory BIS marking for footwear is a structural positive for domestic brands (Campus, Metro); DIIs overtaking FPIs in equity portfolio is a watershed shift.
Summary
- Sensex +260 to 72,664; Nifty +97 to 22,255; midcap +0.79%, smallcap +0.82%, Bank Nifty -0.14%
- ICMR found 70% of 36 popular protein supplements in India have inaccurate labeling and pose kidney-strain health risks — gym users warned to avoid
- SEBI proposed new rule: stocks credited directly to client demat (skipping broker pool account) for investor protection — discussion paper stage
- Tata Motors reportedly demerging Tata Motors Finance and merging it into Tata Capital — shareholders of TML to get Tata Capital shares
- Government made BIS mark mandatory for footwear factories — Chinese cheap-dumped footwear effectively banned; positive for Campus, Metro Brands and other local brands; DII equity portfolio crossed FPI portfolio value for first time in April
BIS markfootwearTata Motors
Original description
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